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April 25, 2024, 7:50 AM
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| Meta Investor Relations: |
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
More: Finbold, Bloomberg, Music Ally, Morningstar, Inc., PYMNTS.com, YourStory, The Crypto Times, The Economic Times, CoinGape, City A.M., Android Central, Business Insider, Benzinga, Business Insider, Constellation Research, Shacknews, This is Money, New York Times, Investing.com, StreetInsider.com, Reuters, and Variety
Threads: @mranthropology. X: @munster_gene, @munster_gene, @munster_gene, @mikeisaac, @kelseyhightower, @munster_gene, @mikeisaac, @supbagholder, @swiftstories, @thetranscript_, @eric_seufert, @eric_seufert, @tidefallcapital, @richlightshed, @conorsen, @eric_seufert, and @mikeisaac. LinkedIn: Andy Barr. Forums: Hacker News
| Alex Heath / The Verge: |
| Ashley Capoot / CNBC: |
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| Karissa Bell / Engadget: |
More: TechCrunch, Mashable, Gizchina, Neowin, Benzinga, The Verge, and Business Insider
Threads: @alexheath and @wongmjane
| Alex Koller / CNBC: |
More: Silicon Republic, Gameranx, Cryptopolitan, Coinspeaker, MIXED Reality News, Shacknews, Proactive, and MarketWatch
Mastodon: @parismarx@mastodon.online. X: @cap_zay, @brandolightshed, @jason_kint, @ballmatthew, @lamonicabuzz, @ballmatthew, and @qcapital2020
Forums: r/technology and r/Economics
| Lauren Feiner / The Verge: |
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20 — The divest-or-ban bill is now law, starting the clock for ByteDance to make its move. The company has an initial nine months …
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Threads: @jbillinson, @ezeekat, @jw, @alexheath, and @vishwanathsarang
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| New York Times: |
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Threads: @davechensky. Mastodon: @profcarroll@federate.social. X: @brendancarrfcc, @sapna, @sapna, @sapna, @nathanleamerdc, and @sapna
| M.G. Siegler / Spyglass: |
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| Andy Greenberg / Wired: |
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances — Change Healthcare Finally Admits It Paid Ransomware Hackers—and Still Faces a Patient Data Leak
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LinkedIn: Lodi Hensen and Alexander Viftrup Andersen
Forums: r/technology, r/netsec, r/privacy, and Slashdot
| Bob Van Voris / Bloomberg: |
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service facilitated more than $100M in money laundering transactions — - US prosecutors say Samourai Wallet was ‘haven for criminals’ — Europol has said crypto mixing services are a ‘top threat’
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Forums: r/Monero and r/ethtrader
| Ben Glickman / Wall Street Journal: |
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024 — IBM will pay $35 a share for the cloud-software company in cash, giving it access to HashiCorp's roster of some 4,400 clients
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Mastodon: @megmac@social.treehouse …. Bluesky: @permadeath.com. X: @geerlingguy, @hashicorp, @a2d2, @melvinmonetary, @devnetdan, @armon, @rakyll, @semil, and @kelseyhightower
| Jordan Novet / CNBC: |
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| Ben Glickman / Wall Street Journal: |
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years — Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government …
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X: @micronpolicy and @microntech
| Cheng Ting-Fang / Nikkei Asia: |
TSMC unveils a new chip manufacturing technology called A16, and says the company plans to start producing its ultra-advanced 1.6nm chips by 2026 — Taiwan chip titan aims to secure leading position and capture AI demand — TAIPEI — Taiwan Semiconductor Manufacturing Co …
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X: @ryansmithat, @dnystedt, and @trendforce
| Shubham Sharma / VentureBeat: |
Snowflake announces Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, with an Apache 2.0 license — Today, Snowflake announced the launch of Arctic, a large language model (LLM) optimized for complex enterprise workloads such as SQL generation …
More: Snowflake, TechRadar, MSPoweruser, ITPro, Barron's Online, ZDNet, InfoWorld, TechCrunch, and SiliconANGLE
| David Pierce / The Verge: |
Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished — There were times I wasn't sure the Rabbit R1 was even a real thing. The AI-powered, Teenage Engineering-designed device came …
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| Scharon Harding / Ars Technica: |
Reddit says its Dynamic Product Ads, which use “shopping signals” to automatically show relevant ads to users, are entering public beta globally — Reddit says its “communities are naturally commercial.” — Reddit has made it clear that it's an ad-first business.
More: Social Media Today and Search Engine Land
| Shubham Sharma / VentureBeat: |
Apple researchers share OpenELM, a family of LLMs with 270M to 3B parameters, designed to run on-device, and pre-trained and fine-tuned on public datasets — Just as Google, Samsung and Microsoft continue to push their efforts with generative AI on PCs and mobile devices …
More: Apple on Hugging Face, MacRumors, MarkTechPost, arXiv.org, 9to5Mac, Tom's Guide, AppleInsider, Hindustan Times, The Information, MSPoweruser, SiliconANGLE, Philip Elmer‑DeWitt, The Verge, The Register, and Simon Willison's Weblog
Threads: @paul_rietschka. X: @sbeastwindy, @parkerortolani, @burkov, @max_paperclips, @simonw, @nickadobos, @morastegari, @simonw, @simonw, @thom_wolf, @arankomatsuzaki, @pcuenq, @clementdelangue, @awnihannun, and @_akhaliq
Forums: Hacker News, Hacker News, and r/LocalLLaMA
| Kyle Wiggers / TechCrunch: |
AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill — AI is supercharging coding — and developers are embracing it. — In a recent StackOverflow poll, 44% of software engineers …
More: Augment, SiliconANGLE, Analytics India Magazine, and Maginative
| Andy Chalk / PC Gamer: |
Garry's Mod is removing “all Nintendo related stuff” from its Steam Workshop, covering “20 years of uploads”, after receiving a takedown request from Nintendo — Fans aren't happy, as you can imagine. — Following a takedown request issued by Nintendo …
More: Game Developer, GamesIndustry.biz, Steam Community, GamesRadar, Rock, Paper, Shotgun, Gameranx, Eurogamer.net, Kotaku, Dexerto, Game Rant, IGN, and TheGamer
X: @garrynewman, @cyndafan, @nescartridges, @jarek_dragon, @wario64, and @thafnine
| CNBC: |
Cloud data management startup Rubrik priced its NYSE IPO at $32 per share, above its expected $28 to $31 range, raising $752M and valuing the company at $5.6B — Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix.
More: Crunchbase News, Bloomberg, Reuters, The Information, Fortune, Wall Street Journal, CRN, SiliconANGLE, and Barron's Online. X: @lesliepicker
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